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Central Banks need Weird Barbies By Charles White Thomson, CEO, Saxo UK

In this commentary, Charles White Thomson, CEO at Saxo UK, explains how he wants institutions like the Bank of England’s Monetary Policy Committee to have their own Weird Barbies so that we can break the cycle of groupthink. Inspiration comes in strange places and as I sat watching Barbie, the charismatic Weird Barbie struck a chord with me. She reflects an antidote to group think, lethargy and the popular dumbing down at the institutional and…

Investment ideas for Earth Day and Beyond

Posted on by The Editorial Team

By Dominic Rowles, Lead ESG analyst, Hargreaves Lansdown Every year, on April 22nd, people around the world celebrate Earth Day. It’s a way to mark the achievements of the environmental movement and highlight the work that still needs to be done to preserve the planet for future generations. Environmental issues such as climate change, deforestation, water scarcity, pollution, and biodiversity loss are threatening the health and well-being of our planet, its ecosystems, and its inhabitants….

Africa: When a big government can’t borrow from abroad

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa): Losing access to foreign capital markets is tough, especially for a statist government with a number of fingers in a number of economic pies. Ethiopia has had to lean on its underdeveloped domestic financial sector to keep the machinery of state going, and it is now dealing with the second-round effects of this approach: strong domestic money growth is amplifying the liquidity imbalance between hard currency and birr supply. Staying…

S&P Bulletin: Senegal’s Parliamentary Election Results Could Slow Reform Momentum

Posted on by The Editorial Team

DAKAR (Capital Markets in Africa) – S&P Global Ratings anticipates that the Senegalese president, Macky Sall, may find it more difficult to implement his reform agenda following the parliamentary elections on Aug. 7, 2022. Preliminary results indicate that, for the first time since Senegal gained its independence in 1960, the incumbent president’s coalition has lost its parliamentary majority. Of the 165 seats in the Senegalese parliament, the president’s coalition Beno Bokk Yakaar (United in Hope),…

Bitcoin Tumbles Below $40,000 to Lowest Level in Five Months

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Cryptocurrencies sank Friday, taking Bitcoin to the lowest level in more than five months as risk aversion again swept across global markets. The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000. Digital tokens overall have shed some $1 trillion in value since a November peak, according to CoinMarketCap data. “Bitcoin and the broader crypto market remain subject to the whims of macro variables,” Fundstrat Digital…

Netflix, Peloton Bring Pandemic-Stock Era to Shuddering Halt

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – The Covid-19 pandemic isn’t over yet, but the boom it helped create for stay-at-home stocks appears to be vanishing. Netflix Inc. and Peloton Interactive Inc., two of the highest-profile stars of the lockdown era, both plunged Thursday — the latest sign that investors have moved on from the so-called pandemic trade. Netflix expects to add a paltry 2.5 million users in the current quarter, well short of estimates. Peloton, meanwhile, is slashing…

Tycoon Dangote Can’t Get Enough Tomatoes to Run Plant Profitably

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — Nigerian billionaire Aliko Dangote is barely managing to operate Africa’s biggest tomato processing plant, six years after the factory began production, as he can’t get adequate berries to crush. Dangote’s 1,200-ton a day plant is producing at 20% of capacity because farmers don’t have enough resources to boost acreage. The factory was meant to reverse Nigeria’s dependence on imports of tomato paste from China and increase local production. But…

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